Silicon Valley’s office market is heating up once again, and investors are jumping at the opportunity to buy Class A properties that have long-term tenants. In a deal that was finalized before the Fourth of July, JR Asset Management Company–known as JR AMC–has purchased a Google-leased asset in Mountain View for $282.6 million.
The property, known as Ameswell Mountain View, is located at 750 Moffett Boulevard and was developed by Broadreach Capital Partners. The 222,000 square foot office was completed last year, and a 255-key hotel is expected to open imminently.
The five-story office building is certified LEED Platinum and features amenities such as a roof deck and outdoor courtyard. Broadreach was formally awarded the contract to develop the property in 2016 from the City of Mountainview and assembled 10 acres for the development.
“[The project] will provide both a world class work environment and unparalleled lodging and dining experience to businesses, travelers and local residents alike,” states the property’s website.